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Romanian Transp Min To Present Railway Cost-Cutting Program Monday

Romanian Transport Minister Radu Berceanu said the plan he will present Monday to the railway system unionists includes layoffs and the number of those affected depends on whether other cost-cutting measures are found.
Romanian Transp Min To Present Railway Cost-Cutting Program Monday
Lidia Neagu
23 aug. 2010, 11:03, English

Berceanu said the plan is not yet final. „If the talks yield other solutions to cut costs and raise revenue, there will be fewer layoffs” he said.

The minister also said state-owned railway company CFR has losses of around 600-700 million lei (EUR1=RON4.2304) yearly. „We could have directed CFR’s losses to investments. If we had the money to repair tracks and purchase train cars, revenue would be higher,” he said.

Berceanu will meet Monday with officials of railway system unions to discuss the programs cutting costs at CFR.